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the internet . two golf greats, driving a message to tax happy lawmakers. see if their message is heard. cashin in kicks off right now. good morning, i am eric bowl glad you are joining us. mr. wayne rogers and johnathon honic and tracey burns and sandra smith and dennis. welcome everyone. forget the pay roll tax hike and fiscal cliff deal. senator chuck schumer making no secret tax hikes are coming. tracey much like phil mickleson enough is enough. >> eric enough is enough. i barely saw my paycheck. i am glad phil mickleson spoke out. he can leave and go to another one of his homes if the estate taxes are too high. >> i can't. unless we move the new york study is itio. i got to live near my job. i don't have that luxury. >> johnathon aren't we taxed enough already. >> we are indeed . states like new york and eric you are talking about 60 percent of your earnings. no wonder they are leaving in droves. high taxes, taxings are forced. high taxes prompt an exodus whether tiger woods or going back to the uk in the 70s, the rolling stonings. if you work and don't get to keep the product of your labo
, pro golfer, says that high taxes may drive him out of california. we've got discussisuggestions w should consider if he moves. and hillary clinton, her legacy as she prepares to leave washington at least for now. now. >> we will respond to the threat of climate change, knowing the failure to do so would betray our children and future generations. >> paul: welcome to the journal editorial report, i'm paul gigot. that was president obama in his inaugural address monday, promising to make global warming a top priority in a second term, it's an issue that is sure to bring some fierce policy showdowns, the first of which may come under the keystone xl pipeline since 2008. and a revised route through nebraska this week, the final hurdle to the project at the state level and 53 senators, including 9 democrats sent a letter to the white house on wednesday urging president obama to expedite its approval. and joining the panel this week, wall street journal assistant page editor, james freeman and senior economics writer steve moore and washington columnist kim strassel. kim, where did tha
in his second term. why that may end up costing you big. plus, pro-golfer phil mickelson says high taxes may drive him out of california. we've got some suggestions on what states he should consider if he moves. and hillary clinton's swan song. look at her performance this week on capitol hill and her legacy as she prepares to leave washington, at least for now. >> we will respond to the threat of climate change. knowing that the failure to do would betray our children and future generations. [cheers and applause] >> welcome to the journal. editorial report. i'm paul gigo. that was president obamahi prom messing promising to make global warming. first may come over the keystone excel oil pipeline which has been under review since 2008. governor proposed a revised route for the pipeline through nebraska this week. the final hurdle to the project at the state level. and 53 senators, including nine democrats sent a letter to the white house on wednesday s urging president obama to expedite its approval. joining the panel this week "wall street journal" assistantan editorial page editor jam
frontal assault on republicans and your privacy. but next, all the tax many money democrats got from their fiscal cliff win is all lost. cliff win is all lost. how they officemax knows... cliff win is all lost. how they ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. have given way to sleeping. tossing and turning where sleepless nights yield to restful sleep. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations, or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as tongue or throat swel
they are launching a full frontal assault on republicans and your privacy. but next, all the tax many money democrats got from their fiscal cliff win is all lost. how they spent it in one boat. officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >> the agreement being worked on right now to further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades. liz: really, reduce the deficit? that did not take long. all of that new tax money drummed up by raising rates on the upper bracket is gone. congress spending it all in one boat. says this is proof positive tax hikes alone won't be what fixes our debt. >> that is absolutely right. members of congress, particularly democrats getting reelected and help putting america back on a path for fiscal sanity. they will not be fiscal sanity. liz: it was just so ugly, whole group of taxpayers and dr. norse attacked, basically now resting the president whipping fas
control, and tax hikes. you notice anything missing? bob cusak and sabrina says democrats are embolden this time and spending cuts last on the list. bob, first to you. bob, the president is essentially a lame duck, the second term, 16 months. that's a lot to deal with in 16 months. what's first on the agenda, do you think? >> first is gun control, and, obviously, this was before the connecticut shooting, but he did not talk about it in the first term. he didn't push it. he's going to be pushing that, pushing immigration, pushing climate change, but spending is not on his agenda, cutting spending. i think he was interested in 2011, almost got a deal with speaker john boehner on a grand bargain on entitlement reform, crafting a budget now. i don't think you're going to see major cuts in that. it's a significant shift. remember, obama said the deficit kept his awake in the first term. through his actions, you know, he's not pursuing a lot of cuts and changes to entitlements. liz: what is feasible for the president to get through with a window of 16 months? gun control? what do you think h
taxes for the rich and no fair share who want to live in the privatized environment and not care about the civic situation. that is truly damaging to the possibility of already beleaguered ideals. nothing is simple. i cover the former soviet union and russia. i could go on at great length about how boris yeltsin undermined democracy and became a hero democracy. lech walnsa in many ways was not the. working bloke many made him not to be. gorbachev was a visionary who came to power. he saw he needed to change the country. he used his powers to do that. he withdrew from afghanistan. he called for nuclear abolition. he worked with ronald reagan. he understood you need political solutions, not military solutions. when the soviet troops were ready to come out of the barracks so the berlin wall would not come down, he told them to stay in the barracks, the empire is going. we cannot be a country that will be one of glasnost and perestroika if we live the way we have. it is the 20th anniversary of the soviet union, the end of the soviet union. many people in russia blame him for the economic c
disagree on this issue. i think we start taxing these people. they are already benefiting from the social serve thes and encase system. so let's tax them. from a security point of view, this is helpful and i think that this is not an amnesty. you are letting people go of a crime. these people are going to have are to pay taxes and crimes. i cthink it is a brilliant program. the only thing stopping it is president obama if he does not agree to it. >> if this does not have border security in it. the republican party, to me, if you give the free flow of immigration for workers, there can still be border security, there could be -- right? anybody who wants to come for legitimate reason ares wants to come. >> right. >> larry, can i ask a question? >> what i want to say, all right i'll direct it tow. the gop should be the party of growth and opportunity and the party of entrepreneurship and the party of upward mobilitity. here is my point. if the brainyacs come in because we want them to stay and want to attract them and if the rest of the workforce lets go of the skills, they may climb the lad
cuomo from erik. james says in connecticut there are two major problems, the deficit and more taxes. both problems are created by one party rule. what are the big issues in your state? join that conversation on facebook by looking for c-span. let us take a look at the balance of power in state. we can see here who controls the governors' seats. 30 republicans states in red, 19 democratic, and one independent in rhode island. but as your what ray has to say on our democrats line. caller: good morning. i wanted to say that i believe here in the state of texas -- our standard of living is what keeps is going. nobody can live on $7.25 hour. our standard of living is so below the economy it should be at $12 per hour. everything is so expensive right now. it should be, at the very least, $12 per hour. host: you are calling to raise the minimum wage? caller: yes, ma'am. if everybody makes at least $12 an hour, this country would boom so fast. here in the state of texas -- i think it is everywhere. the corruption of the governor and the mayor. big corporate donors, big business owners. they
. and there is money moving away from high tax states and moving to lower or no tax states. and travis wrote the book "how money walks", a pleasure to be here. stuart: we've got the fancy technology and the number one state where money is walking away. the number one state. right here in new york, we've seen a loss the last 15 years internal revenue service and u.s. census bureau combined. 58 billion out of the state. stuart: there's new york and 58 billion out. >> going to the other places. stuart: is california second? >> that's right you've got nearly 32 billion dollars migrated out. adjusted growth income out of california to the other states. stuart: hold on, talking adjusted gross income. california 31 billion dollars worth of income, that means middle class, wealthier people, they're the ones who moved out taking that money with them. income out. >> that's right, we're looking at 1040 tax returns, taxpayer mobility and not just talking professional golfers or presidents of state. we're talking about working families and all sizes of businesses and going all over the country. stuart: is there
by the sales tax. it doesn't care if you're a janitor with four kids or a cardiologist with lots of dollars. the greater percentage of income you pay, if you don't make that much money, that sales tax on the egg might be 1% of a day's pay for you. it could probably be more like a thousandth of a percent of the cardiologist's paycheck for the day. a sales tax is therefore among the least populist way of raising money for government, proportionally speaking. it takes the most from people with the least money, and the least from everybody who has more money. because of that backwards impact, because it's harder on the poor and easier on the rich, you might think a tax like that would be among the most unpopular tax ideas. but in bright red states, states where republicans have complete control of the government, that tax all of the sudden is really popular. this month in louisiana, republican governor bobby jindal rolled out his agenda for this year. get rid of the income tax and corporate taxes where how much you pay depends on how much you make. but do not worry about the billions in lost ta
, larry, and you can't tax an economy in the prosperity period. >> look, ideally you would say okay, we're going to freeze government spending at this level and that would mean over time it is going to fall as a percentage of the economy, but you can't ever get congress to do that, right? so it always ends up being something very harsh to get things done. and so this is the consequence that you have to face. at least in the short term. that you're going to have a short-term hit to gdp. but in the long run, the numbers are going to be better for the united states. >> most of that stuff is transfer payments. >> agreed. >> it will not even affect gdp. defense purchases do affect gdp. but to america since nobody ever wants to cut spending -- >> you got to cut somewhere. >> and i would do it right now. >> and it will only happen during bad times, larry. it will never happen during good times. we see that over and over again, when the economy is going gang busters, the government just chooses to spend more. it's in its nature. you have to do it when it's tough. >> lower spending means a stron
's taxes. with taxes spiking the rich are fleeing for the borders. how much can the state take from the wealthy before there is nothing left? today's "money" power panel weighs in. >> didn't think new york apartments could get any smaller? oh how wrong you are. micro apartment are coming to the big apple. could the miniature spaces bring big profits to the developers and will they spread to more cities? one of the architects is here with the details. even when they say it's not, it's always about money. melissa: first let's look at the day's market headlines and today's market moment. the beat goes on for the bulls. strong earnings from the likes of ibm, and google helped give a boost to stocks. the dow and s&p 500 hit fresh five-year highs. the blue-chips rose 66 points. apple earnings are sliding after-hours. the company reported fiscal first-quarter earnings just a short time ago, beat expectations on the bottom line. came in a bit light on revenues. mcdonald's shares climbed. it beat expectations on the top and bottom line in the fourth quarter. also reported a solid rebound in
to the death. worse yet, storm relief wipes out a big chunk of the extra revenue from taxing the rich. that should bring in $80 billion cut was supposed to reduce the deficit, it will not. much of it goes right out the door all over again. we can all debate the wisdom and necessity of massive emergency spending for just charging it to the national credit card shows we are not really serious about controlling our death. 16.5 trillion now, 17 trillion by the falcons would have doubled in the eight years in office. lieve your financial advisor should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, is how we make sense of investing. stuart: good morning vardy and company viewers. it is do-or-die for research in motion. the blackberr blackberry people. very much on the line. here's what we know. the phone will be a touch screen and have a virtual keyboard. also will have a brand-new operating system. so far the device is getting good reviews
the payroll tax cut will cut into consumer discretionary spending down the line. apples ipads and iphones sold a lot but the profit margin was slim. is this a company story where the company is in trouble after the great steve jobs has passed snarp. >> it feels that way, larry. we've got this darling-to-dog story we've seen so often notice tech space. we have a gadget company in the tech space that's struggling with margins on its gadgets and a lot of the worst fears that they would face other gadgets from other kinds of companies seem to be coming to pass, but the service tech companies like google and netflix, they're all of a sudden out there increasing share. >> knock the cover off the ball. >> knock the cover on. and as long as you have a razor blade story and not a razor story, i think that's the difference peer. >> dave goldman, am i wrong? sometimes ji am very wrong. does this forecast a stronger american economy, even a moderately stronger economy? >> absolutely not. i was a raging bull in 2012. i'm neutral on it. the s&p is trading tick for tick with liquidity measures, such as infla
for more spend more tax hikes and meaning property taxes go up. why? to pay for the benefits . taxpayers are saying wait a second, we get it . the union members understand the back lash, too. >> bill, your back shot was hard to digest, but there are so many overseas jobs that used to go to unimembers here. is there any way unions can bring those jobs back to china back home. >> yes, manufacturing jobs are coming back to north america because china is coming back. i disagree that the unions are on the defensive when it comes to government. they own government. >> one place it is growing is public sector. >> ebe mac touched on the reason why. government doesn't compete. they raise taxes. private sector where business is up to compete on the price of the product. unions make companies less competitive. >> what does it say about unions. they used to represent . people were proud to put the union label on the product. is that still true, steve? >> no, all you have to do is lookk at detroit and the legacy and companies that went in to right to work states and they paid competitive wages and di
this is still a fight between how much spending cuts and how much taxes. the president got his -- >> well, simpson-bowles said let's get rid of the high tax rates. the president doesn't seem to be in favor of that mpt you had $1 trillion in tax increases with obama care. he just got new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw man ar
basically extended the bush tax cuts for those under $450,000, modified the state tax, moved the capital gains rate up to 20%, was that a good or bad deal for the american people? >> we don't know yet because what we did is half of the budget. the tax cut part of the budget. we didn't do how to pay for it part of the budget. the problem that we have gotten ourselves in to is people trying to do budgets as if the taxes and spending are unrelated. they keep talking about reducing the size of government with unspecified cuts or to spending problem, not a taxing problem. but when you try to pin people down on numbers, you find out that what they're talking about is spending too much money on social security, medicare, head start, transportation or even embassy security. if you look at the budget last couple of years, embassy security was being cut so when they talk about these cuts, without specifying them, you're not really doing a budget. we passed -- we passed a -- almost $4 trillion tax cut without an indication of how to be paid for. now we have the sequester kind of hanging over our he
skype. good morning.. is paying taxes the impetus behind the move? > >yes it certainly has created a tremendous amount of interest in states like new york, connecticut, and new jersey specifically continue to increase their business taxes. ceo's of hedge funds and private equity firms are calling palm beach county in record numbers. > > federal tax rates are the same in florida as they are in new york or anyplace else, but there is no state income tax in florida. are hedge fund owners actually revealing how much money they save by moving to your state? > > yes they are. we also have done an analysis. we have local accountants on board as part of our hedge fund committee team that have done comparisons and are tailoring comparisons based upon our taxes here in florida and the taxes that they are paying from their respective state. so, you look not only at the taxes---we don't pay a state personal income tax---but the cost of living here in palm beach county is significantly less compared to the northeast. > > what did you find out in the data? how much money? > > we're talking about
taxes. great story, great show. go time. [ ♪ theme music ♪ ] >> cenk: all right, welcome to "the young turks." so now we've got a lot of trouble in the middle east. for example in syria we have yet normas kerr. this one in alepo. at least 65 bodies found by a riverbed up to as many as 80 now people are reporting. they were brought to that school that you're seeing now and people are picking through to see who was massacred there. their hands were tied behind their backs, and they were shot in the head. now, one more story about syria iran has jumped in the mix here, in aid to the ayatollah said syria plays a very key role in supporting or god forbid destabilizing the resistance front. for this reasons an attack on syria is considered an attack on iran and iran's allies. the reason why that is devastating is if there is any action taken in syria here we go. it's a much larger war. these are not good times in the middle east, and it is significant trouble, but also in egypt we have trouble there. we had a curfew imposed in three different cities by their leader mohammed morsi. here is mo
. >> taxing people that have a lot of money is not unfair. we don't need people to be as rich as they really are. >> and for the record bush did spend an astounding 3 trillion per year average over 8 years, but obama spent 3.8 trillion per year so far and that is adjusted for inflation so obama spent 25 percent more. they don't believe there. they think it's all bush. they think it's all bush's fault. >> it's a special kind of kool-aid. it's half worship mixed with mass illusion and they are all drinking it. they couldn't answer the question how are you going to pay for it? look at the riots and protests and killing and tlhreats that ae happening in that country. >> this is the scariest part. i assume we will become greece. i hope we can avoid greece. the reaction of people in greece is not to say gee we messed up we spent too much. it's to be angry about the politicians who want to cut back a bit and how do they take it out? they bomb the homes of tv commentators who support some cuts. >> it's the guy in the box. get rid of him. >> that's the model for us? >> unfortunately that's the road w
in the reagan administration, they had 7.1 gdp growth. so they had the right fiscal and tax and monetary policies to turn things around then. i think those same principles would work today. >> there are two issues on the table here. number 1, what is wrong with the economy and are the policies correcting it or leading us in the right direction isn't other is the immediate response by washington. some in washington to the very grim news. americans woke up to feel extreme pain, learning that the economy shrunk in the last quarter and the first thing they hear out of washington is with leader peuloseet and white house press secretary, blaming the republicans and even senator marco rubio was quick to release a statement, casting the blame right back on president obama. but there is no effort to -- let's jump into this and solve this problem together. instead, it's immediately start the blame. >> you are absolutely right. one of the things we have to look at, how do we get capital flowing in the united states economy so we have growth and expansion of our small businesses. we look at our corp
the class war issue on taxes, which romney was not able to rebutt or make the argument for. look, let's be honest about this. romney was a man who spoke conservatism as a second language. you remember in one of the primary debates he wanted to show up as conservative as he was and he ran a severely conservative administration as governor of massachusetts. severe is a word you associate with head wounds and tropical storms. [laughter] >> not with the government. he had trouble making the case. we have a strong bench, half of whom is here at your conference, young governors, ryan, we have rubio in congress, a whole slew of gun governors, a generation who is adept, you could say marinated in conservative philosophy. thinking very deeply about a new kind of conservatism but they for their own reasons, some personal, some they were simply too new and young and raw, weren't quite ready to not run. we had a weak field in the primaries, extremely weak, of whom romney was obviously the best and only possible presidential candidate. you he was -- but he was weaker than the ones sitting on the b
Search Results 0 to 49 of about 863 (some duplicates have been removed)